XML 14 R9.htm IDEA: XBRL DOCUMENT
v3.19.3

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 30, 2019
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Basic earnings per common share represents net income divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance (excluding tax impact). Potential common shares that may be issued by the Company relate solely to outstanding stock options, determined using the treasury stock method, and restricted stock awards, determined by the fair value of the Company's stock on date of grant. The following is a summary of the basic and diluted earnings per share computation (dollars in thousands, except for share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Net income | $ | 5,963 |  |  | $ | 4,324 |  |  | $ | 19,815 |  |  | $ | 11,670 |
Weighted average basic common shares outstanding | 13,955,859 |  |  | 12,718,861 |  |  | 13,949,325 |  |  | 12,049,151 |
Effect of dilutive securities | 97,573 |  |  | 98,695 |  |  | 89,089 |  |  | 94,687 |
Weighted average dilutive shares outstanding | 14,053,432 |  |  | 12,817,556 |  |  | 14,038,414 |  |  | 12,143,838 |
Basic earnings per common share | $ | 0.43 |  |  | $ | 0.34 |  |  | $ | 1.42 |  |  | $ | 0.97 |
Diluted earnings per common share | $ | 0.42 |  |  | $ | 0.34 |  |  | $ | 1.41 |  |  | $ | 0.96 |
There were no antidilutive shares for the three and nine month periods ended September 30, 2019 and 2018.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration